Semtech reports record Q1 FY2027 sales of $291M, up 16% YoY with strong margin expansion

Semtech Corporation delivered record first quarter fiscal 2027 results with net sales of $291.0 million, representing 6% sequential and 16% year-over-year growth, while non-GAAP adjusted diluted EPS grew 34% to $0.51. The semiconductor company's strong performance in data center and IoT connectivity segments, combined with expanded operating margins and positive forward guidance, demonstrates accelerating momentum in high-growth market segments.